Jakarta, CNBC Indonesia – The share price of the decacorn startup issuer PT GoTo Gojek Tokopedia Tbk (GOTO) has risen sharply in the last 3 trading days.
After being hit with correction bottom auto reject (ARB) in volumes, the share price of the parent Gojek, GoPay and Tokopedia rebound.
It appears that GOTO’s share price has reached its lowest level (bottom) so that it increased after the stock exchange released information on the entry of GOTO shares into the Unusual Market Activity (UMA) category.
GOTO’s stock movement has been impressive this week. On Tuesday (17/5), GOTO’s share price closed up 3.09% at Rp 200/unit.
A day later, GOTO’s market capitalization value rose 24% to Rp 248/unit. Today, Thursday (19/5/2022), GOTO’s share price rose significantly again by 12.9% and closed at Rp 280/unit in session I.
As one of the stocks with the largest market capitalization value in the country, the increase in GOTO’s share price also helped lift the JCI performance.
The index, which previously fell by 2%, reversed its direction to gain 0.35% until the afternoon session.
As is well known, GOTO is a technology sector issuer with the largest market capitalization value.
The company created by Nadiem Anwar Makariem was officially listed on the stock exchange on April 11 or only 1 month old by releasing 40.6 billion shares at a price of Rp 338/unit.
GOTO is the first startup from Indonesia to have decacorn status or has a valuation of more than US$ 10 billion in 2019.
The corporate action in the form of a merger with e-commerce startup Tokopedia in 2021 further strengthens GOTO’s positioning as a super app that combines three main business lines, namely on-demand, fintech and e-commerce.
Even though it is still losing money, GOTO is optimistic that it can post a positive Earning Before Interest and Tax (EBIT) in 2023.
This is supported by the rapid growth of Gross Transaction Value (GTV) in the fintech and e-commerce segments.
Next Article
Investors Cash Out, Wall Street Fires Bro! JCI Piye?
–
–
(trp/trp)
–
